Guotai Junan International issues the first digital native bond by a Chinese securities firm, with a scale not exceeding 300 million USD

ChainCatcher news, according to official sources, Hong Kong-listed company Guotai Junan International (1788.HK) announced today the completion of its first public offering of digital native bonds issued by a Chinese brokerage, with an issuance scale not exceeding 300 million USD and a term of 3 years. This issuance adopts a direct issuance structure, is denominated in USD, and is settled through HSBC's Orion digital asset platform. As the global coordinator and settlement agent for the project, Guotai Junan International has pioneered the entry of Chinese institutions into the blockchain bond market.

Digital bonds are a type of bond issued using blockchain or distributed ledger technology, characterized by their digital nature, programmability, and automatic execution, offering higher transparency and reducing settlement risks and costs.